[131 Pages] The global roofing market is projected to reach USD 270.40 Billion by 2026, at a CAGR of 4.9% from 2016 to 2026. The growth of the global roofing market is driven by increasing demand for roofing materials from residential, commercial, and non-residential sectors in the emerging economies and ongoing repairing and remodeling works in developed countries.

Objectives of the Study

To analyze and forecast the size of the global roofing market in terms of value

To provide detailed information about the key factors, such as drivers, restraints, opportunities, and challenges influencing the growth of the global market

To define, describe, and forecast the global roofing market on the basis of type, application, and region

To forecast the size of the roofing market with respect to five regions, namely, Asia-Pacific, Europe, North America, South America, and the Middle East & Africa, along with their key countries

To strategically analyze micromarkets with respect to individual growth trends, future prospects, and their contribution to the global roofing market

To analyze the opportunities in the global roofing market for stakeholders and provide a competitive landscape for them

To analyze competitive developments, such as mergers & acquisitions, new product launches, investments & expansions, and agreements & partnerships in the global market

To strategically profile the key players in the global roofing market and comprehensively analyze their market shares and core competencies

Years considered for this report

Base Year  2015

Estimated Year  2016

Projected Year1  2021

Projected Year2  2026

Forecast Period1  2016 to 2021 (Short-term)

Forecast Period2  2016 to 2026 (Long-term)

Research Methodology

This study aims to estimate the size of the global roofing market for 2016 and project the same for 2021 and 2026. It provides a detailed qualitative and quantitative analysis of the global roofing market. Various secondary sources, such as National Roofing Contractors Association, Western States Roofing Contractors Association, and The Roofing Association U.K., among others have been used to identify and collect information useful for this extensive commercial study of the global roofing market. Primary sources, such as experts from related industries and suppliers, have been interviewed to obtain and verify critical information as well as assess prospects of the global market.

Value chain of roofing materials starts with suppliers of raw materials. Manufacturers of raw materials used in roofing are generally based near mining sites. The second node of the value chain of roofing materials consists of manufacturers of roofing materials and chemicals, which include Owens Corning (U.S.), Duro-Last Roofing, Inc. (U.S.), BASF SE (Germany), 3M Company (U.S.), The Dow Chemical Company (U.S.), Braas Monier Building Group (Luxembourg), Sika AG (Switzerland), and Atlas Roofing Corporation (U.S.), among others. The third node in the value chain involves distribution and marketing of roofing materials to particular end-use sectors, such as residential, commercial, and non-residential, among others.

Target audience:

Manufacturers of roofing materials

Manufacturers of tiles, membranes, and roofing metals

Traders, distributors, and suppliers of roofing materials

Regional associations of manufacturers of roofing products and general associations of roofing materials

Government and regional agencies and research organizations

The study answers several questions for stakeholders, primarily which market segments to focus on in the next two to five years by prioritizing their efforts and investments, and the competitive landscape of the global roofing market.

Scope of the Report:

The global roofing market has been segmented as follows:

Global Roofing Market, by Type:

Materials

Chemicals

Global Roofing Market, by Application:

Residential

Commercial

Non-Residential

Others

Global Roofing Market, by Region:

Asia-Pacific

North America

Europe

Middle East & Africa

South America

The roofing market has further been analyzed for the key countries in each of these regions.

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per specific needs of the companies. The following customization options are available for this report:

Product Analysis

A product matrix that provides a detailed comparison of the product portfolios of different companies

Regional Analysis

Further breakdown of the rest of Asia-Pacific roofing market into Australia and New Zealand

The global roofing market is projected to reach USD 270.40 Billion by 2026, at a CAGR of 4.9% from 2016 to 2026. The growth of the global roofing market is mainly driven by increasing demand for roofing materials from residential, commercial, and non-residential sectors in the emerging economies. In addition, ongoing repairing and remodeling works in developed countries are also propelling the growth of the global roofing market.

On the basis of type, the global roofing market has been classified into materials and chemicals. The materials type segment led the global market in 2015. The demand for roofing materials from the non-residential sector of emerging economies, such as Brazil, Malaysia, Indonesia, India and China is increasing. This is expected to lead towards increased investments in non-residential infrastructures, such as transportation services, power plants, warehouses, manufacturing facilities, and production units, among others, which, in turn, is expected to fuel the growth of the materials type segment of the global roofing market. In addition to this, the demand for roofing materials from residential and commercial sectors is also boosting the growth of the materials type segment of the global roofing market.

The non-residential application segment led the global roofing market in 2015. Increased demand for roofing materials, owing to need for improved transportation facilities, modernization of power infrastructure, implementation of improved policy regulations and reforms, and development of rural areas has led to the growth of the non-residential application segment of the global market. However, the residential application segment of the global roofing market is projected to grow at the highest CAGR during the forecast period.

The Asia-Pacific region is leading the global roofing market, owing to overall economic growth of the region, which is leading towards increased urbanization and rapid industrialization of the Asia-Pacific region. The Asia-Pacific region is one of the fastest-growing markets in the world due to continuous population growth and gradual increase in industrial, commercial, and residential infrastructures of the region. China is leading the Asia-Pacific roofing market. It is followed by Japan, India, Australia, South Korea, Malaysia, and Thailand.

The leading players in the global roofing market are increasingly focusing towards emerging markets for increasing their revenues. The manufacturers of roofing materials are generally located near the raw material sites, owing to ease of availability of raw materials and low transportation costs. High installation costs of roofing systems act as restraint for the global roofing market.

Market players, such as Owens Corning (U.S.), Duro-Last Roofing, Inc. (U.S.), BASF SE (Germany), 3M (U.S.), The Dow Chemical Company (U.S.), Braas Monier Building Group (Luxembourg), Sika AG (Switzerland), and Atlas Roofing Corporation (U.S.) focus on expanding their regional reach in the Asia-Pacific, African, and South American regions. New product launches, expansions, and acquisitions are the development strategies adopted by these market players to strengthen their position in the global market.

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